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His loan is to be paid in 48 monthly installment of $190. At the end of 14 months, Dick decides to pay off his loan. What is the final payoff Dick will make?12. A condo is advertised in The Wall Street Journal for $350,000. It states in the ad that a 20% down payment is required. The rate of interest is 11% on a 25 year mortgage. What would be A the monthly payment along with B total cost of interest?13. Use this information to calculate the following:sales return $700 Rent expense 1,288Sales discounts 950Depreciation Expense 600Cost of merchandise sold 7,600Gross sales 20,900Advertising expense 1,650Salary expense 2,900Heat expense 900A. Net SalesB. Gross ProfitC. Total operating expensesD. Net incomeThe 14. A truck costing $25,000 with residual value of $5,000 was purchased by Rim corporation. truck's estimated life is 10 years. At the end of Year 2, what is the book value using declining balance method? Assume a depreciation rate of twice the straight line method.15. A toy store has a beginning inventory of eight sets of paints at a cost of $1.25 each. During the year, the toy store purchase three at $1.50, five at $2, six at $2.50, and ten at $3. By the end of the year, 21 sets were sold. Calculate the following:A. The number of paint sets in stock B. the cost of ending inventory under LIFOC. the cost of ending inventory under FIFOD. The cost of ending inventory under Wighted Average16. Pete's Warehouse has a market value of $5,000,000. The property in Pete's area is assessed at 40% of the market value. the tax rate is $105.10 per $1,000 of assessed value. What is Pete's property tax?17. XXXXX XXXXX, who lives in territory 5, carries 10105 compulsory liability insurance along with optional collision that has a $200 deductible. Jim was at fault in an accident that caused $1,800 damage to the other auto and $600 damage to his own. Also, the courts awarded $13,000 and $8,000 respectively, to the two passengers in the other car for personal injuries. How much the insurance company pay and what does is Jim's share of responsibility?18. Jeff Sellers bought 200 shares of Radio Shack stock at $22.35. Eight months later, he sold the stock at $31.76.